
Bad Samaritans
The Myth of Free Trade and the Secret History of Capitalism
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Narrated by:
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Jim Bond
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By:
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Ha-Joon Chang
About this listen
On the contrary, Chang shows, today's economic superpowers - from the United States to Britain to his native South Korea - all attained prosperity by shameless protectionism and government intervention in industry. We in the wealthy nations have conveniently forgotten this fact, telling ourselves a fairy tale about the magic of free trade and - via our proxies such as the World Bank, the International Monetary Fund, and the World Trade Organization - ramming policies that suit ourselves down the throat of the developing world.
Unlike typical economists who construct models of how economies are supposed to behave, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct - but developed our own industries by studiously copying others' technologies. We insist that centrally planned economies stifle growth - but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on weaker nations.
Bad Samaritans calls on America to return to its abandoned role, embodied in programs like the Marshall Plan, to offer a helping hand, instead of a closed fist, to countries struggling to follow in our footsteps.
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In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation.
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Myth Breaker-a new model for innovation
- By Carl A. Gallozzi on 12-12-20
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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The Rise and Fall of American Growth
- The U.S. Standard of Living Since the Civil War
- By: Robert J. Gordon
- Narrated by: Michael Butler Murray
- Length: 30 hrs and 14 mins
- Unabridged
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In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. With medical advances, life expectancy between 1870 and 1970 grew from 45 to 72 years. The Rise and Fall of American Growth provides an in-depth account of this momentous era.
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Over-detailed, with no engaging message
- By BehA on 01-31-17
By: Robert J. Gordon
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Goliath
- The 100-Year War Between Monopoly Power and Democracy
- By: Matt Stoller
- Narrated by: Jonathan Davis
- Length: 20 hrs and 17 mins
- Unabridged
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A startling look at how concentrated financial power and consumerism transformed American politics, resulting in the emergence of populism and authoritarianism, the fall of the Democratic Party - while also providing the steps needed to create a new democracy.
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The Fall of American Populist Economics
- By Charlie Morton on 02-26-20
By: Matt Stoller
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The Triumph of Injustice
- How the Rich Dodge Taxes and How to Make Them Pay
- By: Emmanuel Saez, Gabriel Zucman
- Narrated by: Steve Menasche
- Length: 7 hrs and 39 mins
- Unabridged
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Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry; and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few.
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Smart book and tangible solutions
- By Graeme Newell on 01-02-20
By: Emmanuel Saez, and others
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The Blank Slate
- The Modern Denial of Human Nature
- By: Steven Pinker
- Narrated by: Victor Bevine
- Length: 22 hrs and 40 mins
- Unabridged
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In The Blank Slate, Steven Pinker, one of the world's leading experts on language and the mind, explores the idea of human nature and its moral, emotional, and political colorings. With characteristic wit, lucidity, and insight, Pinker argues that the dogma that the mind has no innate traits, denies our common humanity and our individual preferences, replaces objective analyses of social problems with feel-good slogans, and distorts our understanding of politics, violence, parenting, and the arts.
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Don't bother. Outdated science & poor logic...
- By ejf211 on 03-31-10
By: Steven Pinker
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The Divide
- Global Inequality from Conquest to Free Markets
- By: Jason Hickel
- Narrated by: Jonathan Cowley
- Length: 10 hrs and 46 mins
- Unabridged
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Sixty percent of humanity - some four-point-three billion people - live in debilitating poverty. The standard development narrative suggests that alleviating poverty in poor countries is a matter of getting the internal policies right, combined with aid from rich countries. But anthropologist Jason Hickel argues that this approach misses the broader political forces at play. Global poverty - and the growing divide between "developing" and "developed" countries - has to do with how the global economy has been designed over the course of 500 years. Global inequality doesn't just exist; it has been created.
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eye-opening
- By Dumuzi-apsu on 03-05-19
By: Jason Hickel
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Trade Wars Are Class Wars
- How Rising Inequality Distorts the Global Economy and Threatens International Peace
- By: Matthew C. Klein, Michael Pettis
- Narrated by: Bob Souer
- Length: 8 hrs and 32 mins
- Unabridged
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Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past 30 years.
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Narrator is robotic
- By dugmartssch on 05-22-20
By: Matthew C. Klein, and others
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No Trade Is Free
- Changing Course, Taking on China, and Helping America's Workers
- By: Robert Lighthizer
- Narrated by: Charles Constant
- Length: 12 hrs and 28 mins
- Unabridged
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America is the first country in history to fund the rise of its rivals. We need to stop now, before it’s too late.
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Very Informative
- By Dane on 04-13-25
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The End of the World Is Just the Beginning
- Mapping the Collapse of Globalization
- By: Peter Zeihan
- Narrated by: Peter Zeihan
- Length: 16 hrs and 44 mins
- Unabridged
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For generations, everything has been getting faster, better, and cheaper. Finally, we reached the point that almost anything you could ever want could be sent to your home within days - even hours - of when you decided you wanted it. America made that happen, but now America has lost interest in keeping it going.
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Everyone dies except Americans
- By preetam on 06-22-22
By: Peter Zeihan
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Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
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What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
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The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
What listeners say about Bad Samaritans
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- LOUI5
- 03-13-24
Top Reads/Listen on Economics
One of the best and most thorough book/audiobook on Economics and Geopolitics. A must listen.
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- Oldtimer
- 11-20-08
Not Convinced!
I read this book as someone in favor of free trade looking for counter arguments from someone who is not. This book, however, failed to change my view. The author makes several good arguments, but ultimately fails to see practical implication of his own views. He repeatedly uses the success of Japan and S. Korea as best evidence that protectionist policies work. In another attempt, he compares an infant industry to a human infant and argues just as an infant needs care until reaches self-sufficiency, infant industries need protection until they are capable of withstanding foreign competitions.
I see several things wrong here. First, the protectionist policies are successful precisely because other countries are not protectionists. If protectionism were to be adopted as a wholesale policy by all countries, it would certainly bring about economic disaster as companies will be squeezed to sell only to their own nationals.
Second, the comparison of infant industries to infants has some validity, but it is too simplistic to be meaningful. Trying to prove a general point using one example is dangerous since often the opposite point can be proved using a counter example.
At last, the author argues for a dynamic protectionism. That is to protect different industries at different periods for different length of times. To pretend to know where, when and for how long help must be provided is sheer madness. Governments can't plan for much simpler things, let alone, the whole economy. Besides, once a company obtained protection, it will devise everything in its power to keep it. It will choke off other potential candidates for help. In long-run, country will have only few companies or industries that will benefit from this policy and other companies or industries are choked off at their infancies. Perhaps, this is why countries like S. Korea (Samsung, Hyundai) or Finland (Nokia) have only a few companies accounting for most of their exports.
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31 people found this helpful
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- John
- 10-20-11
after three listens, i still want to come back
this book is phenomenal. the perspective is fascinating, and the arguments provide an enlightening counterbalance to free market talk show hosts who forget the important functions of government. i don't know when i read this again, but i've kept coming back to it over the years, and will again soon.
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3 people found this helpful
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- Doug
- 02-24-13
Good points, but driven into the ground
This text is first and foremost an argument based on history. That is not to say it isn't valid, however. Chang does an excellent job reminding us how the "rich countries" got that way and he cites example after example of countries that have developed remarkably well doing exactly the opposite of what neo-liberalism prescribes.
Most importantly Chang rightfully exposes the track record of neo-liberal policies and points out what very few in the mainstream press are willing to point out. That the disasters caused by these economic policies far outnumbers the few moderate success stories. Free Market thinkers talk a big game, but essentially have nothing to show for their policies.
If you are looking for an in-depth look at the world economy today this probably isn't the book for you, but if you want a break from the neo-liberal revisionist histories and gain some insight on how economic policies have shifted then this book is definitely worth it.
I especially like the last chapter where Chang discusses the perception of different cultures and how that affects and distorts our opinions of poor countries.
His personal experiences of growing up in an impoverished Korea and witnessing it's rapid ascent into economic success is very powerful, and rare to hear coming from an economic intellectual.
The biggest weakness of the book is repetitiveness. Chang is keen on making his point with many examples and case studies, which is understandable, but at times it can seem like he is repeating the same things over and over. I wouldn't listen to this book in one sitting or in large chunks. Keep the listening to around 1-2 hours at a time and the repetitiveness doesn't seem so bad.
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1 person found this helpful
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- K. Meyer
- 09-25-22
Pretty good book
I enjoyed listening to this audiobook. The narrator was great. performance is perfect. I learned a lot about world economics.
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- Muhammad Arrabi
- 03-03-19
great book to balance the free market theories
i love to read books in pairs, each arguing for a side.
however with economics vat majority of books are pro free markets. this is a great book from a Cambridge professor that pays a lot of attention to practicality above theory.
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- JACQUELINE BURRIS
- 03-29-17
Interesting details throughout.
Would you consider the audio edition of Bad Samaritans to be better than the print version?
Never had the print version.
Who was your favorite character and why?
No characters. This is non-fiction
Which character – as performed by Jim Bond – was your favorite?
???
What’s the most interesting tidbit you’ve picked up from this book?
All of it. Extremely interesting
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- Mikhail
- 09-30-16
great book on breaking myths
Very good ideas about connection of economic growth with corruption, free trade, barriers, type of authorities in the country - one dictator for 30 years is not a bad thing . It's not what I used to think - and history shows that.
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- Chris
- 09-06-19
Learned a lot!
Really helped me understand better what is going on with the US China Trade War today.
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- Paul de Jong
- 03-23-24
Best overview of what the US is doing wrong with it forgien policy.
The US became great after the second world war by helping other countries while also investing in itself. This book explains what is going wrong in the US today better than any other book on economics that I've read.
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